Can I retire at age 57 with 710,000?

Use the below retirement simulation to view the chances of a successful retirement.
Confused? Try the simple retirement calculator
About Your Retirement ?
Current Age
Retirement Age
Current Savings $
Annual Deposits $
Annual Withdrawals $
Stock market crash:
Portfolio ?
% in Stocks:
% in Bonds:
% in Cash:
Modify Stock Returns:
0%
Modify Bond Returns:
0%
Modify Cash Returns:
0%
Modify Inflation:
0%
How much money do I need to retire?

This retirement calculator runs simulations based on past data from the S&P 500, 10 Year Treasury Bond, 3 month T-Bill, and US inflation. For each year of each simulation, a random return and inflation amount is chosen.

How to use: Enter your current age and the age when you retire. Then enter your current savings, the amount that you can save annually before you retire, and the amount that you plan to withdraw after retirement. Your annual deposits and withdrawals take inflation into account. For example, if you need $50,000 to live on in retirement using today's dollars, we will automatically take into account the cost of living for your retirement years. The same is true for your annual deposits. Next, decide if you'd like to simulate a stock market crash.

In the portfolio section, choose the makeup of your portfolio with stocks, bonds, and cash. Cash assumes that your money is stored in a savings account. You can then alter the future returns and inflation. For example, if the market has historically returned about 10%, but you think the future will be worse, modify the stock returns by -3%, and the future returns will average out to 7%. Investment fees can also lower stock market returns. Many index funds and ETFs offer extremely low fees and expenses.

Many people receive income in retirement, such as social security, pension plans, part time jobs, annuities, and other benefits. This would allow you to take out smaller distributions every year. Please note that taxes must also be considered, but are not used in this simulation. A 401k, Roth IRA, and Traditional IRA are taxed differently than a standard investment account, as are dividends.

Note: This assumes that the future is at least somewhat like the past. In reality, anything could happen. The Soviet Union collapsed, Japan's Nikkei Index is still well below its 1989 peak. Numerous other markets have changed drastically and never recovered. However, this online tool is helpful in retirement planning and estimating how much you might need for retirement, especially those hoping to retire early. We recommend receiving advice from a financial planner.

Want to retire with $710,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.3%
1 years$58,631$58,109$57,599$57,102$56,616$56,307
2 years$29,025$28,485$27,961$27,453$26,960$26,648
3 years$19,158$18,615$18,093$17,589$17,105$16,799
4 years$14,225$13,684$13,167$12,672$12,199$11,903
5 years$11,266$10,728$10,218$9,733$9,274$8,987
6 years$9,295$8,761$8,258$7,784$7,338$7,062
7 years$7,887$7,357$6,862$6,400$5,968$5,703
8 years$6,831$6,306$5,820$5,368$4,951$4,696
9 years$6,011$5,491$5,012$4,573$4,169$3,925
10 years$5,355$4,840$4,370$3,942$3,552$3,319
11 years$4,818$4,309$3,847$3,430$3,055$2,832
12 years$4,372$3,867$3,414$3,009$2,648$2,434
13 years$3,994$3,495$3,050$2,656$2,309$2,105
14 years$3,670$3,177$2,741$2,358$2,024$1,830
15 years$3,390$2,902$2,475$2,103$1,782$1,598
16 years$3,146$2,663$2,244$1,883$1,575$1,400
17 years$2,930$2,452$2,042$1,692$1,396$1,230
18 years$2,738$2,266$1,864$1,525$1,242$1,084
19 years$2,567$2,100$1,706$1,378$1,107$957
20 years$2,413$1,951$1,566$1,248$989$847
21 years$2,274$1,818$1,440$1,132$885$751
22 years$2,148$1,697$1,327$1,030$793$667
23 years$2,033$1,587$1,226$938$712$593
24 years$1,927$1,487$1,133$855$640$528
25 years$1,830$1,395$1,050$781$576$470
26 years$1,741$1,311$974$714$519$419
27 years$1,659$1,234$904$654$468$374
28 years$1,582$1,163$841$599$422$334
29 years$1,511$1,097$782$549$381$299
30 years$1,445$1,036$729$504$344$267
31 years$1,383$979$679$463$311$239
32 years$1,326$927$634$425$281$214
33 years$1,272$878$592$391$255$192
34 years$1,221$832$553$360$231$172
35 years$1,173$789$517$331$209$154
36 years$1,128$749$484$305$189$138
37 years$1,085$711$453$281$172$124
38 years$1,045$676$424$259$156$111
39 years$1,007$643$397$239$141$99
40 years$971$612$372$220$128$89
41 years$936$582$349$203$116$80
42 years$904$554$327$188$105$72
43 years$873$528$307$173$96$64
44 years$844$503$288$160$87$58
45 years$816$480$271$148$79$52
46 years$789$458$254$136$72$47
47 years$763$437$239$126$65$42
48 years$739$417$225$117$59$38
49 years$716$398$211$108$54$34
50 years$693$381$198$100$49$30

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 57 starting with $710,000, adding $4,364 every year, while hoping to spend $46,469 every year in retirement. These numbers increase with inflation.
Reality usually performs much different than the expected returns. This uses historical averages, but anything can happen. In general, riskier investments have greater returns on average, but more volatility in the short term.
Age Total: 100% Stocks Total: 100% Bonds Total: 100% Cash Total: 37/38/25 Blend
56$710,000$710,000$710,000$710,000
57$786,921$749,291$738,286$810,005
58$817,745$736,564$713,576$814,607
59$850,155$721,656$686,481$814,979
60$884,264$704,410$656,872$814,466
61$920,195$684,663$624,613$813,018
62$958,082$662,238$589,565$810,582
63$998,070$636,951$551,579$807,106
64$1,040,318$608,607$510,502$802,539
65$1,085,000$576,998$466,173$796,825
66$1,132,304$541,905$418,424$789,912
67$1,182,437$503,097$367,079$781,747
68$1,235,625$460,327$311,955$772,275
69$1,292,114$413,339$252,861$761,447
70$1,352,175$361,857$189,597$749,210
71$1,416,101$305,593$121,953$735,517
72$1,484,218$244,242$49,713$720,320
73$1,556,878$177,480$0$703,578
74$1,634,470$104,966$0$692,555
75$1,717,418$26,341$0$694,539
76$1,806,188$0$0$696,294
77$1,901,290$0$0$722,445
78$2,003,285$0$0$762,369
79$2,112,788$0$0$805,303
80$2,230,473$0$0$851,519
81$2,357,081$0$0$901,317
82$2,493,424$0$0$955,027
83$2,640,396$0$0$1,013,011
84$2,798,977$0$0$1,075,668
85$2,970,245$0$0$1,143,435
86$3,155,384$0$0$1,216,793
87$3,355,696$0$0$1,296,270
88$3,572,611$0$0$1,382,447
89$3,807,703$0$0$1,475,965
90$4,062,701$0$0$1,577,525
91$4,339,506$0$0$1,687,901
92$4,640,212$0$0$1,807,944
93$4,967,119$0$0$1,938,589
94$5,322,759$0$0$2,080,867
95$5,709,918$0$0$2,235,910
96$6,131,660$0$0$2,404,965
97$6,591,359$0$0$2,589,405
98$7,092,727$0$0$2,790,741
99$7,639,850$0$0$3,010,636
100$8,237,224$0$0$3,250,919